EIN 36-4229337

Nef Community Investments

IRS 501(c) type
501(c)(4)
Num. employees
0
Year formed
1998
Most recent tax filings
2023-12-01
Description
Nef Community Investments assists Nef, Inc. and National Equity Fund, Inc. in the development and preservation of high-quality low-income rental housing by managing investments in qualifying projects. It establishes and manages investment funds that attract capital for investment in housing projects that qualify. Nef Community Investments serves as the general partner or managing member and is the sole member of limited liability companies which serve as the general partner and managing member of investor limited partnerships and limited liability companies. It is located in Chicago, IL.
Related structure
Nef Community Investments is a subordinate organization under Local Initiatives Support Corporation.
Total revenues
$72,605,707
2023
Total expenses
$64,910,205
2023
Total assets
$60,693,429
2023
Num. employees
0
2023

Program areas at Nef Community Investments

Nef Community Investments, Inc. Serves as the general partner or managing member and serves as the sole member of limited liability companies which serve as the general partner and managing member of investor limited partnerships and limited liability companies that (1) acquire limited partner or non-managing member interests in project partnerships or project limited liability companies that acquire, own, construct, rehabilitate and operate low-income housing projects and (2) provide financing for the development and preservation of housing affordable to low- and moderate-income individuals and families. In addition, Nef Community Investments, Inc. Provides and facilitates asset management services to support such Investments in low-income housing projects.
Nef Community Investments, Inc. Serves as the sole member of Nef permanent lending llc which serves as a member of cpc mortgage company llc, a joint venture with affiliates of the Community preservation corporation, a new york not-for-profit corporation, and cinnaire corporation, a Michigan not-for-profit corporation, providing gse and agency financing for the development of housing affordable to low- and moderate-income individuals and families in order to preserve and rehabilitate neighborhoods experiencing deterioration and disinvestment.

Financials for Nef Community Investments

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$72,189,782
Investment income and dividends$346,923
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$69,002
Total revenues$72,605,707

Organizations like Nef Community Investments

OrganizationLocationRevenue
National Housing ComplianceTucker, GA$29,392,733
Aircraft Owners and Pilots AssociationFrederick, MD$41,659,053
Habitat for HumanityAmericus, GA$342,369,200
Mattress Recycling Council (MRC)Alexandria, VA$42,187,488
Habitat for Humanity - Omaha HFHOmaha, NE$39,036,731
National Insurance Crime Bureau (NICB)Oak Brook, IL$69,612,406
MHT Housing IvBingham Farms, MI$47,380,117
Resource Housing GroupAtlanta, GA$20,365,735
BAY AREA COMMUNITY Services HOUSING CORPoRATIONOakland, CA$20,793,906
Quality Development and ConstructionIrvine, CA$55,989,780
Data update history
January 25, 2025
Posted financials
Added Form 990 for fiscal year 2023
October 4, 2024
Updated personnel
Identified 7 new personnel
January 26, 2024
Updated personnel
Identified 3 new personnel
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsBusiness and community development organizationsHousing and shelter organizationsChapter / child organizations
Issues
Human servicesHousingBusiness and industry
Characteristics
Partially liquidatedState / local levelNo full-time employees
General information
Address
10 S Riverside Plaza Suite 1700
Chicago, IL 60606
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
nationalequityfund.org/ 
Phone
(312) 360-0400
IRS details
EIN
36-4229337
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
813910: Trade Associations
Parent/child status
Subordinate organization
Free account sign-up

Want updates when Nef Community Investments has new information, or want to find more organizations like Nef Community Investments?

Create free Cause IQ account